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Stablecoins give money the same superpower the web gave information: instant, global reach.
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Since 2018, we’ve issued over $150 billion in regulated stablecoins. We've been behind the scenes powering the infrastructure for some of the biggest names in finance. In 2023, we launched PYUSD with PayPal, and the conversation changed. Institutions came asking, “How can we issue a stablecoin like that?” But it wasn’t really about having their name on a digital dollar. It was because they saw the impact stablecoins could have - on their business, their customers, and the way money moves. Faster, cheaper, more accessible. The catch? The current model - where the issuer keeps nearly all the revenue - didn’t work for them. The largest stablecoins in circulation today aren't designed to share the interest generated on reserves. So we started building something different alongside some of the top enterprises in the space. It’s called @global_dollar Network. Global Dollar Network is a new stablecoin ecosystem designed specifically for enterprise adoption, with shared economics at its core. Instead of issuers keeping a lion's share of the revenue, Global Dollar Network aligns incentives, so partners benefit from the interest generated by stablecoin reserves. It’s transparent, trusted, and built to power a new era of global finance.
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Stablecoins are how you bring the US dollar into the 21st century.
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Paxos applauds the Senate for voting “yes” on cloture for the Genius Act tonight. This is major - and long overdue - progress.
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Paxos supports the upcoming cloture vote on the GENIUS Act. It’s time for a federal framework for stablecoins and this is an important step forward. We thank @SenatorHagerty, @SenLummis, @gillibrandny and all the other offices involved for their leadership. 🇺🇸
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